Welcome to the world of finance. Feel free to discuss various financial issues & get Mukesh Dedhia´s expertise on the way.
Term Of The Day - Escrow
What Does it Mean?
A financial instrument held by a third party on behalf of the other two parties in a transaction. The funds are held by the escrow service until it receives the appropriate written or oral instructions or until obligations have been fulfilled. Securities, funds and other assets can be held in escrow.
This entry was posted
on Thursday, January 21st, 2010 at 5:44 am and is filed under Term Of The Day.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
